The Internal Revenue Service (IRS) announced on Tuesday a penalty relief for individuals who failed to pay their taxes on time during the pandemic.
Legal & Regulatory
US Buys 3 Million Barrels of Oil to Replenish Strategic Reserve
The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.
Elon Musk's X to Face Court Battle After Failing to Pay Staff Millions in Annual Bonuses
A California federal judge has greenlighted the advancement of a lawsuit against Elon Musk's X, which alleged the company's failure to fulfill commitments related to the annual bonuses of its workforce.
Joe Biden Signs New Executive Order Targeting Financial Facilitators of Russia's Defense Industry
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
UK, Switzerland Ink Post-Brexit Financial Services Deal
The United Kingdom (UK) and Switzerland have inked a landmark post-Brexit financial services deal on Thursday.
Latest News
The Warren Buffett-led conglomerate Berkshire Hathaway has been denied in using the allegations that billionaire Jimmy Haslam tried to bribe Pilot truck stop chain's employees to inflate the company's value, a Delaware judge ruled.
As former President Donald Trump's civil business fraud trial heads toward its conclusion, here's an overview of the things we learned from the proceedings.
The iconic "Steamboat Willie" version of Mickey Mouse is poised to enter the public domain in 2024, marking the end of a 95-year copyright period for Disney.
House Republicans have voted in favor of formalizing the impeachment inquiry into President Joe Biden on Wednesday.
Epic Games has accused Google of unlawfully making its Play Store dominant over rivals, and a US jury recently agreed with the creator of the Fortnite game.
The Biden administration is facing heightened scrutiny for supplying tank shells to Israel without obtaining congressional approval.
Former Abercrombie & Fitch Co. CEO Michael Jeffries has taken legal action against the apparel retailer.
When it comes to the labyrinthine world of entrepreneurship, where the narrative revolves as much about groundbreaking innovations as it does ethical quandaries, Berner—also known as Gilbert Anthony Milam, Jr.—stands as a polarizing figure. His brainchild, Cookies, once a towering presence in the American landscape, is now navigating through turbulent legal waters. The allegations lodged against this colossus in the Los Angeles County Superior Court are not just explosive but also reflective of the intricate ethical tapestry that the burgeoning industry is grappling with.
Swiss bank Banque Pictet has acknowledged its involvement in a conspiracy with US taxpayers to conceal over $5.6 billion from the Internal Revenue Service (IRS).
